CBOE Holdings, Inc. (NASDAQ: CBOE) has announced that the Chicago Board Options Exchange has signed a memorandum of understanding with the China Financial Futures Exchange. The MOU is meant to establish “an open channel of communication and lays the foundation for future collaborative efforts between the exchanges.”
The signing ceremony was in Beijing, China. This is not a merger effort. The exchanges plan to develop educational programs designed to build understanding of their respective products, markets, technologies, and regulation. It is also said to create the opportunity for potential future business initiatives such as marketing efforts and product development.
The news is not really helping CBOE as shares are down 0.6% at $25.15 against a 52-week range of $21.55 to $29.56. The exchange’s equity market value is now about $2.2 billion.
JON C. OGG
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
